Ramort Company reports the following cost data for its single product. The company regularly sells 20,500 units of its product at a price of $61 per unit. Direct materials $10.10 per unit Direct labor $12.10 per unit Overhead costs for the year: Variable overhead Fixed overhead per year $3.10 per unit $ 44,100 Selling and administrative costs for the year: Variable $2.10 per unit Fixed $ 65,300 20,500 units Normal production level (in units) Compute gross margin under absorption costing.

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Ramort Company reports the following cost data for its single product.
The company regularly sells 20,500 units of its product at a price of $61
per unit.
Direct materials
$10.10 per unit
Direct labor
$12.10 per unit
Overhead costs for the year:
Variable overhead
Fixed overhead per year
$3.10 per unit
$ 44,100
Selling and administrative costs for the year:
Variable
$2.10 per unit
Fixed
$ 65,300
20,500 units
Normal production level (in units)
Compute gross margin under absorption costing.
Transcribed Image Text:Ramort Company reports the following cost data for its single product. The company regularly sells 20,500 units of its product at a price of $61 per unit. Direct materials $10.10 per unit Direct labor $12.10 per unit Overhead costs for the year: Variable overhead Fixed overhead per year $3.10 per unit $ 44,100 Selling and administrative costs for the year: Variable $2.10 per unit Fixed $ 65,300 20,500 units Normal production level (in units) Compute gross margin under absorption costing.
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